High Limit Credit Cards

What are the most suitable UK high limit credit cards in 2020?

High limit credit cards are very often defined as those 0% credit cards, which offer new customers, a higher credit limit.

Many customers in the UK, would like an initial high credit limit, when they first apply for their new credit card.

UK card customers will usually look for credit cards with high limits, for one of the following two reasons:-

• You have a large outstanding balance on your current credit card and would like to make a balance transfer to a new credit card. This will allow you to benefit from the 0% introductory offer on balance transfers.
• You would like to make one, or perhaps several big purchases, using this new credit card. This will allow you to benefit from the 0% introductory offer on purchases.

In both of the above cases, the credit card customer will need to be given a higher credit card limit. A large credit card limit allows a customer to make a larger purchase, or bigger balance transfer using their card.

Highest Credit Card Limit UK

Many customers are looking for a new 0% credit card with the highest credit card limit in the UK. Customers are more likely to be successful in obtaining these high limit credit cards if they have:-

• An excellent credit history
• No recent bad debt problems
• No recent missed or late payments
• A low level of overall debt, excluding any mortgage
• An annual income of around £20,000 or more

Many of the banks and credit card companies will look for a customer to meet all of the above criteria, before providing high credit limit credit cards to new customers.

There are more than 80 UK 0% credit cards currently available online. What are the most suitable cards for customers looking for high limit credit cards?

The credit card companies have generally tended to be more cautious with their lending, ever since the banking crisis began. This has meant that, for many customers, initial credit card limits have tended to be lower than in the years before the banking crisis began.

However, we have often seen that some credit card companies can still be more generous with their credit limits, than certain other card companies.

All of the following featured credit cards, in our experience, are most likely to be suitable for customers looking for UK high limit credit cards:-

0% Credit Card Offers

M&S Transfer Plus Credit Card*

Balance Transfers:

0% for 28 months

Balance Transfer Fee:

2.85%

Purchases:

0% for 6 months

Representative APR:

19.9% APR (variable)

Credit Card Details

M&S Transfer Plus Credit Card*

• 0% for 28 months on balance transfers made within 90 days of account opening
• 2.85% balance transfer fee, minimum £5
• 0% on purchases for 6 months from account opening
• Collect M&S points every time you shop anywhere in the world with your card
• Preferential rates when you use your card to order M&S Travel Money
• Manage account online
• Annual Fee: £0

Application Criteria

M&S Transfer Plus Credit Card*

• You are a UK resident
• You have a UK bank or building society account
• You are aged 18 or over
• You have not held a credit card with M&S Bank within previous 12 months

0% Credit Card Offers

HSBC Balance Transfer Credit Card*

Balance Transfers:

0% for 25 months

Balance Transfer Fee:

1.5%

Purchases:

0% for 3 months

Representative APR:

21.9% APR (variable)

Credit Card Details

HSBC Balance Transfer Credit Card*

• 0% interest for 25 months on balance transfers made within first 60 days of account opening
• 1.5% balance transfer fee (minimum £5)
• 0% interest on purchases for 3 months from account opening
• At end of promotional period, balance transfers and purchases will revert to standard variable rate
• home&Away rewards programme giving you instant discounts from well-known brands
• Online account management
• Annual Fee: £0

Application Criteria

HSBC Balance Transfer Credit Card*

• You have an annual income or pension before tax of £8,500 or more
• You are a UK resident
• You are aged 18 or over
• You do not hold an HSBC Basic bank account

0% Credit Card Offers

M&S Shopping Plus Credit Card*

Balance Transfers:

0% for 20 months

Balance Transfer Fee:

2.9%

Purchases:

0% for 20 months

Representative APR:

19.9% APR (variable)

Credit Card Details

M&S Shopping Plus Credit Card*

• 0% for 20 months on balance transfers made within 90 days of account opening
• 2.9% balance transfer fee, minimum £5
• 0% on purchases for 20 months from account opening
• Collect M&S points every time you shop anywhere in the world with your card
• Preferential rates when you use your card to order M&S Travel Money
• Manage account online
• Annual Fee: £0

Application Criteria

M&S Shopping Plus Credit Card*

• You are a UK resident
• You have a UK bank or building society account
• You are aged 18 or over
• You have not held a credit card with M&S Bank within previous 12 months

0% Credit Card Offers

HSBC Purchase Plus Credit Card*

Balance Transfers:

0% for 18 months

Balance Transfer Fee:

2.9%

Purchases:

0% for 18 months

Representative APR:

22.9% APR (variable)

Credit Card Details

HSBC Purchase Plus Credit Card*

• 0% interest for 18 months on balance transfers made within 60 days of account opening
• 2.9% balance transfer fee (minimum £5)
• 0% interest on purchases for 18 months from account opening
• At end of promotional period, balance transfers and purchases will revert to standard variable rate
• home&Away rewards programme giving you instant discounts from well-known brands
• Online account management
• Annual Fee: £0

Application Criteria

HSBC Purchase Plus Credit Card*

• You have an annual income or pension before tax of £8,500 or more
• You are a UK resident
• You are aged 18 or over
• You do not hold an HSBC Basic bank account

0% Credit Card Offers

Nationwide Member Credit Card*

Balance Transfers:

0% for 18 months

Balance Transfer Fee:

1.5%

Purchases:

0% for 3 months

Representative APR:

19.9% APR (variable)

Credit Card Details

Nationwide Member Credit Card*

• 0% on balance transfers for 18 months if made within 90 days of account opening
• 1.5% balance transfer fee within first 90 days, after that 2.4% fee applies, minimum £5
• 0% on purchases for 3 months from date you open your account
• Unlimited commission-free purchases abroad
• Manage account online
• Annual Fee: £0

Application Criteria

Nationwide Member Credit Card*

• Must be a Member of Nationwide. This means you already have a current account, mortgage or savings account with Nationwide
• You are a UK resident
• You have a minimum income of £5000 per year
• You have a good credit history
• You are aged 18 or over

Credit Cards With High Limits

Customers are more likely to be accepted for any of the above high credit limit credit cards when they can successfully meet all of the application criteria that the credit card company is looking for.

Are you a customer looking to apply for any of the highest credit card limit cards? Then, it is important that you take extra care with the online application forms.

Any mistakes that you make on the application form, are more likely to lead to your application being declined. This failure may then in turn further reduce your prospects of successfully applying for other 0% credit cards with high limits.

More 0% credit cards in the UK are issued as MasterCard credit cards, than as Visa credit cards. High limit credit cards, for example a credit card with a £5000 limit or higher, are available as both Visa and MasterCard issued credit cards. The choice of payment network makes no difference to the credit limit.

The above UK featured credit cards are higher limit cards which do not charge a customer any annual fee.

What Is The Highest Credit Card Limit You Can Get?

We often see customers looking for answers about the highest credit card card limit you can get in the UK.

Credit cards with high limits are not as common in the UK credit card market,as they once were. However,, they do still happen.

We have seen people given a £10000 credit card limit when applying for a new credit card. A credit card with a £20000 limit is also possible for UK customers, with very high annual incomes. However a large credit card limit like this, is usually quite rare in today’s market.

The average credit card limit for one of the largest UK credit card company’s is currently, a rather lower figure of £4000.

Your actual credit limit is decided by the credit card company. The limit is based only on their lending criteria and the information provided by you on the application form. This is then combined with the information held, by the credit reference agency.

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